Walmart’s new venture into financial technology

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Walmart Inc.’s financial-technology venture agreed to buy two small companies and rebrand itself in a step toward providing an app that enables customers to save, borrow and receive money.

Questions:

  1. What are the two small companies the Fin-Tech venture agreed to buy?
  2. What is Walmart’s venture called?
  3. Why is this move going to shake up the banking world?

Source:

Case, B. (2022). Walmart-backed Hazel to acquire fintechs Even and ONE. Benefits Pro.com, Jan. 26 (Retrievable online at https://www.benefitspro.com/2022/01/26/walmart-backed-hazel-to-acquire-fintechs-even-and-one/)